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The construction of a deep coal mine was unanimously approved by the council of the British county of Cumbria, the Financial Times reported. The decision to build a coal mine was made in the UK for the first time in more than 30 years. The project for the construction of the Woodhouse Colliery mine on the Irish Sea shelf is estimated at 180 million pounds. It is expected that commercial production here will begin in about 2 years. According to the estimates of the project operator, the volume of production of West Cumbria Mining per year will be about 2 million 400 thousand tons of coking coal. Coal reserves suggest this level of production for more than 100 years. Putting the mine into operation will create about 2.5 thousand jobs in the country.
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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